USAA, Geico, Erie Insurance and North Carolina Farm Bureau are the cheapest auto insurance companies in North Carolina. Each company offers affordable auto insurance for motorists and comprehensive coverage options. Young drivers may pay higher rates than other drivers, as car insurance companies consider younger drivers to pose a greater risk due to their limited driving experience. Geico and Erie have the cheapest car insurance rates for young drivers in North Carolina, among the insurance companies analyzed.
If you're between 18 and 25 years old and looking for a policy, Geico and Erie are two places where you can get car insurance quotes. If you receive an insurance check for the whole of a car, you may find that you still owe additional money for your car loan. Those who want to go beyond the minimum insurance required by North Carolina insurance laws can consider collision insurance and comprehensive coverage options. Drivers don't need personal injury protection, collision coverage, medical payment coverage, or underinsured motorist coverage to meet North Carolina standards.
We also learned that a speeding ticket in North Carolina could have a negative impact on the car insurance rate more than an at-fault accident. The companies evaluated for North Carolina were Allstate, Erie, Geico, North Carolina Farm Bureau, Penn National, Progressive and State Farm. However, keep in mind that since car insurance depends on many individual qualifying factors, these rates may vary. The easiest way to find the most affordable rates is to compare car insurance quotes from several providers at once.
Fortunately, MoneyGeek has a car insurance calculator so you don't have to give your personal information to different providers. Older drivers may pay more for car insurance as they turn 70 and 80, as insurers may consider them a greater risk. For example, high-risk auto insurance companies may value drunk driving and other serious convictions less than a standard company, making them better for those who engage in that type of driving activity. However, a powerful tool for finding the most affordable car insurance in North Carolina could be to know the basic premiums of several companies.
Distinguished Professor of Risk and Insurance at the University of East Carolina; director of the Risk and Insurance Management Program. MoneyGeek analyzed the best auto insurance companies in North Carolina looking for drivers who value affordability and service. North Carolina is an at-fault state, so the motorist who causes a car accident must cover all the damages caused by the accident.
